The analysts wrote, “AUY is attractive on both a P/NAV and P/OpCFa basis and warrants investors’ attention given the strong growth profile (60% over three years). AUY’s low cost structure (<$800/oz all-in sustaining costs) and low near term capex requirements make it a safer play in a $1500/oz gold price environment. Our OpCFa valuation is reduced on higher operating costs and lower commercial production than previously estimated.”
Yamana Gold traded up 2.36% on Wednesday, hitting $14.105. Yamana Gold has a 1-year low of $12.68 and a 1-year high of $20.59. The stock’s 50-day moving average is currently $15.98. The company has a market cap of $10.611 billion and a price-to-earnings ratio of 23.36.
Yamana Gold last released its earnings data on Wednesday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $629.50 million for the quarter, compared to the consensus estimate of $674.11 million. During the same quarter last year, the company posted $0.25 earnings per share. Yamana Gold’s revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that Yamana Gold will post $1.17 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on AUY. Analysts at RBC Capital reiterated an “outperform” rating on shares of Yamana Gold in a research note to investors on Friday, February 22nd. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Yamana Gold in a research note to investors on Friday, February 22nd. They now have a $28.00 price target on the stock.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.07 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, March 26th.
Yamana Gold Inc. (Yamana) is a gold producer engaged in gold and other precious metals mining and related activities, including exploration, extraction, processing and reclamation.
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